About this home

Exceptional opportunity to develop 4 luxury townhomes on a 0.49-acre lot with fully approved permits in place.Each unit is thoughtfully designed with 5 bedrooms, offering spacious layouts ideal for today’s high-demand rental or resale market. The flat, build-ready site is located in a quiet residential neighborhood, just minutes from Alderwood Mall, I-5, I-405, and the future Lynnwood Light Rail Station. Utilities are nearby, and the permitting process is already complete — saving valuable time and cost. A rare turnkey project with strong upside potential in one of Lynnwood’s fastest-growing areas. The permitted plans are included in the list price.

Property details

Lot: Dead End Street, Paved, Secluded
Water source: Available
Sewer: Available
Utilities: Electricity Available, Natural Gas Available

Costs

Annual taxes: $2,191 (2025)

Estimate your monthly payment

$3,469/mo

Principal & interest: $3,287
Property taxes: $183

Down payment (20%) $130,000 Interest rate (%) Loan term (years)

Loan amount $520,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Lynnwood, WA 98037

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Skyline Properties, Inc.— Sanjeev Kumar Sharma.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.